Standby GDA Account definition

Standby GDA Account means the account to be opened in the name of the Guarantor and maintained with the Standby Account Bank in accordance with and subject to the terms of the Cash Management Agreement, the Standby Guaranteed Deposit Account Contract, the Standby Bank Account Agreement and the Security Agreement or such additional or replacement account as may be in place in accordance with the terms of the foregoing agreements and designated as such;
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Examples of Standby GDA Account in a sentence

  • As and from the date of such Guarantor Acceleration Notice, the Standby GDA Provider shall comply with the directions of the Bond Trustee in relation to the Standby GDA Account.

  • Subject to the provisions of the Standby Bank Account Agreement, the Standby GDA Provider agrees to accept and credit to the Standby GDA Account such sums in accordance with its customary banking practices and the other terms hereof.

Related to Standby GDA Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Credit Account is modified to read “Grant Account”.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Investment Account As defined in Section 3.12(a).

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Card Account means the account maintained with the Bank in respect of the card;

  • Funding Account has the meaning assigned to such term in Section 4.01(h).